Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sjestion 4 dot yet wered Joint Cost is $ 160,000. Joint Products manufactured are A and B. Sales are $ 100,000 and $ 150,000 and

image text in transcribed
Sjestion 4 dot yet wered Joint Cost is $ 160,000. Joint Products manufactured are A and B. Sales are $ 100,000 and $ 150,000 and separable costs are $ 50,000 and $ 120,000 for products A and respectively. What is the joint cost to be allocated to Product B, if costs are allocated based on NRV method Marked out of 100 Flag question a $30,000 b. $ 40,000 C. $50,000 od $ 60,000 Question 5 Not yet anwered Joint Cost is $ 120,000. Joint Products manufactured are A and B Sales are $ 100,000 and $ 150,000 and separable costs are $ 50,000 and $ 120,000 for products A and B respectively. What is the NRV for product A? Marked out of 1.00 Flag question e a $40,000 $ 30,000 $ 100,000 d$50,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

10th Edition

0273693107, 978-0273693109

More Books

Students also viewed these Accounting questions